Markets Plunge on European Travel Ban

President Trump was expected to calm markets but he did exactly the opposite by introducing the 30 day travel ban from Europe. The move will multiply economic costs that were about to be significant anyway due to numerous restrictions. Markets are in a pure panic mode with OIL down 6% and indices down between 4 and 5%. DE30 was at 9600 points at one moment – the lowest level since 2016.

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